Intel's Big AI Mistake: Missing Out on OpenAI
Aug 20, 2024

Sam

Hey Amy, did you hear about Intel? They made a huge mistake with AI!

Amy

Yes, I read about it. Intel had a chance to invest in a company called OpenAI, but they didn't. Now that decision looks really bad.

Sam

OpenAI? Isn't that the company that made ChatGPT? Why didn't Intel want to invest in them?

Amy

Well, back then, OpenAI was just starting. Intel didn't think AI would make money quickly, so they said no to the deal.

Sam

Oh, I see. But now AI is everywhere! So Intel made a big mistake, right?

Amy

Exactly. It's like if someone offered you a magic seed, but you said no because you wanted a flower right away.

Sam

That makes sense. So what happened to OpenAI after Intel said no?

Amy

OpenAI grew really big. Now it's worth about $80 billion! That's more money than some countries have.

Sam

Wow, that's a lot of money! Is Intel sad they missed out?

Amy

I think they are. Intel used to be the biggest name in computer chips. Now they're having trouble keeping up with other companies in AI.

Sam

That's too bad. Can't they just start making AI stuff now?

Amy

They're trying, but it's not easy. It's like joining a race when everyone else has already been running for a while.

Sam

I get it. So what's Intel doing now to catch up?

Amy

They're working on new AI chips, but it's tough. Other companies like Nvidia are doing really well with AI chips already.

Sam

It sounds like Intel made a big mistake. Is there a lesson we can learn from this?

Amy

Definitely! The big lesson is that sometimes it's worth taking a chance on new ideas, even if they don't seem useful right away.

Sam

That's smart. I guess even big companies can make mistakes if they don't look to the future.

Amy

Exactly! In the tech world, things change fast. Companies need to be ready for what's coming next, not just what's happening now.